Concord Wilshire’s $60M offer emerges as front runner for Royal Palm Beach site 

Concord Wilshire Capital is first in line to buy a distressed development site in Royal Palm Beach that’s approved for a mixed-use project but saddled with a $47.4 million foreclosure judgment. Two entities managed by developer Brian Tuttle are seeking bankruptcy court approval for a reorganization plan that entails two possible tracks to pay off the foreclosure.  In one scenario, Miami-based Concord, led by Nate Sirang, would buy the 38-acre property for $60 million, a Jan. 23 motion shows.  If Concord’s purchase fails, Tuttle’s two entities would be consolidated and acquired by Coral Gables-based The Ardent Companies, which would then […]This article originally appeared on The Real Deal. Click here to read the full story.